All of these. 2. The break-even point is that level of activity where: A. total revenue equals total cost. B. variable cost equals fixed cost. C. total contribution margin equals the sum of variable cost plus fixed cost. D. sales revenue equals total variable cost. E. profit is greater than zero. 3. The unit contribution margin is calculated as the difference between: A. selling price and fixed cost per unit. B. selling price and variable cost per unit. C. selling price and product cost per unit
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Direct materials = $52‚000 3. The Lyons Company’s cost of goods manufactured was $120‚000 when its sales were $360‚000 and its gross margin was $220‚000. If the ending inventory of finished goods was $30‚000‚ the beginning inventory of finished goods must have been: A. $150‚000 B. $20‚000 C. $50‚000 D. $110‚000 Cost of goods sold = Sales - Gross margin Cost of goods sold = $360‚000 - $220‚000 Cost of goods sold = $140‚000 4. Last month a manufacturing company had the following
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Gross Profit Margin The Gross Profit Margin is used to measure the proportion of the gross profit to sales in order to determine the allocated amount for the operating expenses of the company. The Gross Profit of the Jolliville Holdings Corporation improved in the year 2015 and has declined a little in the year 2016 due to the decrease in Sales‚ specifically power and equity share in net earnings of associates. But still‚ Gross Profit Margin for the year 2016 is still a good indication of profitability
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Excel Assignment #2 Preparing a Contribution Margin Income Statement and Operating Leverage Summer 2013 1. Assume that a company is budgeting to sell 2‚500 units of a product at a selling price per unit of $32. The variable cost per unit is $26 and total fixed costs are $5‚000. REQUIRED Prepare a contribution margin income statement and calculate operating leverage. 2. Suppose the company is unsure exactly how many units they will sell. As such‚ their marketing department has provided
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to the sale of goods and services to the ultimate consumer for personal‚ non-business use. 2. Retailing is undergoing so much change today because of e-tailing‚ store size‚ price competition‚ and demographic shifts. E-tailing is basically ordering from the internet and having those items delivered to your home. Store size plays a big role because as the stores increase in size‚ they often tend to have a scrambled merchandising strategy (when a retailer handles a number of different and unrelated
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February 26th‚ 2012 English 50 Response to Ian Frazier’s “In Praise of Margins” In Ian Frazier’s essay‚ “In Praise of Margins”‚ according to Frazier “Marginal” activates and places are valuable when you’re a child. Frazer defines marginal people‚ places‚ and activates as the ones that don’t quite work out‚ don’t sufficiently account for themselves in the economic world. Frazier gives example in his essay to that idea‚ showing his disconnection to his childhood now that he’s an adult. His first
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dictates ones ethics‚ theology‚ sociology‚ psychology‚ views on biology‚ view of politics‚ and view of the role of history. Glasses can serve as an analogy for worldview. Glasses make things more clear and help you to see but you cannot see outside the parameters
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explain and treat certain behavioral problems people can encounter (Hough‚ 2012). However‚ Christian’s belief that the sole cause of suffering and any unhealthy behavior is sin. The Christians continue to assert that a good and profiting life is earned when people can live holy lives like
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Baharin Saihani‚ Lecturer of International Management. Table of Contents Title | Page Number | Introduction | 3 – 4 | Economic Issues | 5 – 6 | Political Issues | 7 | Cultural Issues | 8 – 9 | Negotiation Process | 10 | Business Ethics | 11 – 12 | Conclusion | 13 | Introduction China is an evolving economy that offers lot of market prospects for foreign venture. It is an independent country located in East Asia. Currently China is the world’s most populous country‚ with
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Doing business in Japan. Konnichiwa! Today I’m going to cover a very interesting topic – Doing business in Japan. At first let me introduce myself – I am Linda-san. And it would be a great pleasure to present this mini-guide of doing business in this unique country. So let’s start. Japan’s cultural identity is as strong as that of any nation in the world. Her closed door policy‚ which existed from the early 1600s to the middle of the nineteenth century‚ created an isolated society. Much of the
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